The Spanish company Green Mind Ventures has entered into partnership with the Portuguese renewables company GreenVolt for photovoltaic solar energy projects.
The duo has formed an investment vehicle called Sustainable Energy One (SEO) for projects that will be developed in Spain.
SEO will have 170 million euros for the investment in the next five years.
According to the companies, they will "invest in projects connected to the grid, large self -consumption and solar communities, of up to 10 megawatts (MW)."
The duo aims to reach 250 MW in operation by 2028.
Managing partner of Green Mind Ventures Ignacio Madrid commented, “The vision, talent and execution capacity of Joao Manso Neto and his team, their international vocation and financial strength make GreenVolt a perfect partner for this investment vehicle and for future initiatives.”
In response, CEO of GreenVolt Joao Manso Neto spoke highly of Green Mind Ventures. He shared that the company has a "differential vision in distributed generation, as well as its orientation and access to real PV solar energy projects, and its capacity to management and execution of the same."